Per MSN Money
Home prices rise 1.7%
Home prices in the U.S. rose an overall 1.7% in January from December, according to the Federal Housing Finance Agency -- the first monthly gain in a year. Prices were flat or up in eight of nine regions in January, with the Pacific states the only region showing a decline.Home prices are still down 6.3% from January 2008 and down 9.6% from peaking in April 2006.
Per API
February Existing Home Sales Rise By 5.1%
Sales of existing homes rose from January to February in an unexpected boost for the slumping U.S housing market as buyers took advantage of deep discounts on foreclosures.
Per NY Times
Fed move drives mortgage rates below 5%
Less than a day after the Federal Reserve said it would double its purchases of mortgage debt, fixed rates on conforming 30-year mortgages dropped as much as half a percentage point to well under 5 percent.
There is light at the end of the real estate tunnel.
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